How To Buy USD Coin (USDC) – A Step-By-Step Guide

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By Crypto Vibe

How To Buy USD Coin (USDC)

How to buy USD Coin

USD Coin (USDC) is a US dollar stablecoin. Powered by Ethereum, USDC is issued by licensed financial institutions that maintain reserves of the equivalent fiat currency in 1:1 ratio. The issuers of USDC are required to report their US dollar reserves frequently. USD Coin is among the highly ranked cryptocurrencies across the globe with a great market cap. So, if you want to buy USD coin, we have got you covered with all the steps you need to follow to successfully get your USDC.

Register On Crypto Exchange

You will first need to buy Bitcoin (BTC) or Ethereum (ETH). To do that, you need to register on any of the credible crypto exchanges like Coinbase.

Buy Cryptocurrency With Cash

Once registered on the crypto exchange, you can buy BTC or ETH by paying cash through bank transfer or using an instant cash deposit (applicable in some countries).

Transfer Cryptocurrency To Altcoin Exchange

You will need to transfer your purchased cryptocurrency to an exchange that allows USDC trading. Some of the popular altcoin exchanges include, HotBit, and Poloniex. Just like other crypto exchanges, you will need to register on any of these first. While this may be valid, you may need to first check which of the altcoin exchanges allow USDC trading.

Deposit Your Crypto

After registering for altcoin exchange, you will be eligible to exchange your cryptocurrency. However, the exchange policies may vary depending upon the alt exchange you are using. If you want to deposit BTC to an exchange, you will find a string of random numbers saying ‘BTC address’ in the exchange app. Once you locate it, click on ‘Copy Address’ or simply select the address by right-clicking and copying the address.

Now, head to your crypto exchange e.g. Coinbase, and go to the Portfolio page. Once the page is open, click on your assets list and then click ‘Send’.

You can now paste the copied wallet address to the ‘Recipient’ field and click on ‘Send’ to proceed.

Once your exchange is successfully through, you will receive a confirmation email from your altcoin exchange.

Buy And Trade USDC

You can now open your altcoin exchange and select BTC from the options above the search bar. We choose BTC because we are trading bitcoins to purchase USDC. Now, type “USDC” in the search bar and you will find the available sets of pairs.

How to buy USD Coin

Select the pair to see the price chart. Once you are ready to make the purchase, click on the green button ‘Buy USDC’.

Following the above-mentioned steps, you can easily buy USDC with your BTC or ETH on any of the altcoin exchanges.